Markets & Resource Alloc

Meets MnTC Goal Area(s):5 Prerequisite(s):None This course covers the various terminology and microeconomics principles. The course will explain and evaluate markets as mechanisms to signal consumer preferences and induce seller's responses to changes in the market. Learners will be exposed to how the free enterprise market works, money and prices, supply and demand, the costs and factors of production, monopoly, oligopoly, and the role of buyers and sellers in the competitive market.